Best Buy Will Cease Selling CDs Later This Year

Best Buy Will Cease Selling CDs Later This Year

Billboard reported CD sales were down 18.5 percent last year, and sources at Best Buy said the company only makes $40 million a year from them nowadays.

Even though CD sales have been dropping rapidly for years, people seem to be shocked and upset with Best Buy's decision to pull them from its shelves. Currently, Target takes the inventory risk by agreeing to pay for any goods it is shipped within 60 days, and must pay to ship back unsold CDs for credit.

With this news, it looks like retailer Target is also looking to lessen the impact from its physical media department in stores by demanding that it only pay for units that are sold.

Mattis Warns Syria To not Use Chemical Weapons
The group plans to publish information about chemical attacks to name and shame perpetrators and eventually sanction them. He added "they'd be ill-advised to go back to violating the chemical convention".

Download sales are also feeling similar pressure with multiple labels telling Hypebot that iTunes has told them that they will stop selling music downloads sometime in 2019.

There's large ramifications here, mostly in factoring where consumers where buy their CDs, if they will at all. Target is asking music suppliers to be compensated per CD sales instead of buying in bulk. It was once a dominant force in the sale of CDs but now its offering pales in comparison due to the lack of interest from the general public. According to the report by Billboard, Target sold more than 500,000 copies of Reputation by Taylor Swift since November 2017 its release date. That specific medium for music has seen a boost lately. One music manufacturer is leaning toward saying no to this deal, according to Billboard.

"Entertainment has been and continues to be an important part of Target's brand. We have nothing more to share at this time". Rather than buying individual CDs, users can stream a wide variety of music on demand for the price of just a few physical CDs.

Related Articles

  • Super Bowl 2018: Watch The Explosive Westworld Season 2 Trailer HERE!

    Super Bowl 2018: Watch The Explosive Westworld Season 2 Trailer HERE!

    Created by series co-showrunner/co-creator Jonah Nolan, the Super Bowl ad opens with a breathtaking view of a vast land somewhere. Fortunately, we do see he is listed as a series regular, so hopefully, that means he survives for a little bit longer.
    Indian shares extend fall; bonds slip, rupee flat

    Indian shares extend fall; bonds slip, rupee flat

    The German DAX dropped 0.8 percent, while France's CAC 40 index and the U.K.'s FTSE 100 shed around 1.5 percent each. People are reacting to the fall in the market in front of Bombay Stock Exchange on Friday.
    Israel legalises outpost after settler shot dead

    Israel legalises outpost after settler shot dead

    Rabbi Raziel Shevah, a 35-year-old father of six, was shot and killed by Palestinian gunmen near his Havat Gilad residence in January.
  • Todd Frazier signs with the Mets for 2 years, $17 million

    Todd Frazier signs with the Mets for 2 years, $17 million

    That leaves both Wilmer Flores and Jose Reyes to play utility roles, giving the Mets a considerable amount of infield depth. In his lone full season on the South Side, Frazier set a career high with 40 homers but slipped to.225/.302/.464/107 OPS+.
    Sheriff's Office Identifies Deputy Killed In Shooting

    Sheriff's Office Identifies Deputy Killed In Shooting

    At a news conference in Colorado Springs, the El Paso County Sheriff identified the fallen officer as 34-year-old Micah Flick . The officer is in surgery and is in stable condition, the chief said at a joint briefing with Elder.
    Police stepping up DUI patrols for Super Bowl weekend

    Police stepping up DUI patrols for Super Bowl weekend

    If you know someone who is about to drive while impaired, help them to make other arrangements. Download the SaferRide mobile app on the Android Play Store or the Apple iTunes Store .
  • Ex-Patriot Brandon Browner calls out Bill Belichick over Malcolm Butler benching

    Ex-Patriot Brandon Browner calls out Bill Belichick over Malcolm Butler benching

    New England Patriots coach Bill Belichick is still keeping his reasons for Malcolm Butler's Super Bowl benching in-house. Belichick said on Monday: "I respect Malcolm's competitiveness, and I'm sure that he felt like he could have helped".
    4 injured in LA middle school shooting

    4 injured in LA middle school shooting

    The suspect, who a police spokesman said was as young as 12, was armed at the time of her arrest, but taken without incident. Inside a classroom, just before nine this morning, the two kids were shot and are now being treated in a hospital.
    Nintendo Switch Online Service To Arrive This September 2018

    Nintendo Switch Online Service To Arrive This September 2018

    Kimishima did not discuss the specifics as to how Nintendo plans to keep the Switch exciting and popular for that long. Nintendo will reportedly be adding updated features to classic games, such as leaderboards and multiplayer.
  • All leadership united on Kashmir issue, Pakistan to continue its support: PM

    All leadership united on Kashmir issue, Pakistan to continue its support: PM

    He called upon the ruling and opposition benches to set aside their political differences and work with more vigor for the Kashmir cause.
    Sibanye mine must stay shut‚ says Numsa

    Sibanye mine must stay shut‚ says Numsa

    This goes to demonstrate the attitude of management towards safety, said Mr Sahlulele Luzipo, Chairperson of the Committee. South Africa is the seventh largest gold producer in the world , mining around 140 tonnes of the precious metal annually.
    Telugu Desam MPs to up the ante in Parliament

    Telugu Desam MPs to up the ante in Parliament

    Last week, Naidu had issued an ultimatum to the BJP chart its own course if the BJP did not wish to continue with the alliance. It was also reported that the party and CM Naidu carried out an assessment of the pros and cons of a split with the BJP.